Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Norway
NORCP050000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.49
Year-over-Year Change
-1.49%
Date Range
1/1/1980 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance tracks changes in the cost of household goods and services in Norway. This key economic indicator provides insight into consumer spending and inflation trends.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The COICOP 1999 CPI for Furnishings, Household Equipment and Routine Household Maintenance measures the price changes of a basket of consumer goods and services related to maintaining and furnishing a household. It is a subcomponent of the overall Norwegian CPI, a widely used gauge of domestic inflation.
Methodology
This CPI is calculated monthly by Statistics Norway based on a survey of consumer prices across the country.
Historical Context
Policymakers and economists analyze this CPI to understand household spending patterns and inflationary pressures.
Key Facts
- Norway's CPI for Furnishings, Household Equipment and Routine Household Maintenance has a base year of 1998.
- This CPI subcomponent accounts for approximately 6% of the overall Norwegian CPI basket.
- Prices in this category rose 3.2% in the last 12 months according to the latest data.
FAQs
Q: What does this economic trend measure?
A: This CPI measures the change in prices for a basket of household furnishings, equipment, and maintenance services in Norway.
Q: Why is this trend relevant for users or analysts?
A: This CPI provides insight into a key component of consumer spending and overall inflation in the Norwegian economy.
Q: How is this data collected or calculated?
A: The data is collected monthly by Statistics Norway through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this CPI subcomponent to understand household spending patterns and inflationary pressures.
Q: Are there update delays or limitations?
A: This CPI is published monthly with a short lag, providing timely data on household maintenance costs.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Norway (NORCP050000GYM), retrieved from FRED.